I purchased a C124 in 2011 which qualifies me for a tax credit of 10% of the purchase price of the bike under section 1142 of the 2009 American Recovery and Reinvestment Act. I called the IRS and was told that I cannot claim the credit so I did not claim it on my taxes. They told me the manufacturer had to pre-certify the vehicle for eligibility with the IRS in order for me to claim the credit. I looked up the law online and there is no such requirement in the law. The law says any 2 or 3 wheel plug in electric vehicle purchased between 2009 and 2012 for on road use with a battery capacity of at least 2.5 kwh is eligible for the credit. I was wondering if anyone has tried to claim the credit on their taxes for a bike from Current.
Has anyone tried to claim the 10% federal tax credit?
Fri, 03/30/2012 - 01:04
#1
Has anyone tried to claim the 10% federal tax credit?
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